medium · National Real Estate Exam property-management
An owner of a professional building enters into a 10-year lease with a medical group. After 2 years, the owner sells the building to a new investor.
What is the effect of this sale on the medical group's lease?
- The lease is terminated because the original lessor no longer owns the property.
- The tenant has 30 days to vacate or sign a new lease with the investor.
- The lease becomes voidable at the option of the new investor.
- The lease remains in effect, and the new owner must honor its terms.
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